Australian Prices Drift Lower

Press, Volume CX, Issue 32381, 21 August 1970, Page 20

Australian Prices Drift Lower

Share prices in most sectipns tended to drift a little lower after a firm start on Australian stock exchanges yesterday. The mining market closed off the top although there was interest in some speculative situations.

The Robe River listing was a dominant feature of this section of the market The 100 c shares first sold at 200 c and then at 185 c. A large volume of shares changed hands at this price and 367,000 shares were traded on the day. C.R.A. was the best of the established miners, gaining 40c, and there was modest support for Mount Isa, Peko and Western Mining. A strong run by Thiess was the mam feature of the industrial market. B.H.P. closed at 1500 c for a 10c improvement. Bounty lost ground after Wednesday’s advance on hopes of further gas shows. SYDNEY Sale*.—Am al. Chem., 38; Am* pol Pet., 82; Ansett, 83; A.W.A., 157; Ass. Sec.. 195; A.N.1., 90; Bank N.S.W., 410; 81. Mtl, 174; Borg W., 208; Bramble, 200; Brit. Tob., 250; 8.H.P., 1495; Burns P., 337; W. R. Carp., 220; C’main Pk, 750; C’reach Sec., 26; Clyde, 90; Coal AL, 200; C.S.R., 702; C.A.G.A., 320; Co* malco, 580, and ctg., 420: Com. of Syd., 240; Cone. Ind., 82; Courtlds, 110; Custom C.R., 151; E.M.1., 390; E.Z.1., 475; Fairfax, 220; Fairymead, 180; F and T, 92: J. Hardie, 430; Hooker. 100; 1.A.C., 144; D. Jones, 161; L. 132; Lend Lease, 293; M. 610; Mainline, 250; Marrick, 90; R. W. Miller, 155; Newbold. 103; Olims, 82; Penfold. 305; Pioneer C, 165; Pioneer S, 185; Publishers, 138; Rothmans, 195; Austim, 260; Sleigh, 70; Taubmans, 80; Thiess, 400; Tooheys, 137; Tooth, 485; T.N.T., 189; Travelodge, 158; Waltons, 105; Woolworths, 98. Mining and Oil. —Allstate, 85; Assoc. Min., 740; B.H. Sth, 440; Carr Boyd, 265; Cleveland, 105; Cons. Gold, 930; Cons. Rut., 288; C.R.A., 1800; Cudgeon, 175; Eastmet., 135; Emperor, 70: G.M. Kalg., 80; Gt Nthn, 60;

Hamersley, 750; Hill 50 , 08; Kambalda, 17; Kath Inv., 415; Laverton, 145; Mallina, 150; M.K.U.. 330; Min. Sec;. 1300: Mt Isa, 1450; New 8.H.. 1550: Nth Flin., 245; Nth Deb.. 130; Nthn Min., 80; N.A.U.C., 95; Peko W.. 1215; Placer, 3250; Planet Met., 115; Project Min., 43; Poseidon, 8400; Qld Mines, 850; Robe R.. 184; Samin, 1090; Survey Min.. 88; Scamander, 130; Tasmlnex, 376: V.A.M., 125; Western Mln., 1170: Westralian, 78; Woodreef, 20; Allodev., 25; Ampolex, 170; A.A.0., 87; A.0.G., 37; Beach. 210; Bounty, 10; Clarence. 20; Exoll, SI; Genoa, 17; Longreach, 28: Mideast, 36; Oilsearch. 28; Pexa. 9; Planet Oil, 28: Timor. 42; Vamgas. 30: Westmoreland. 36; Woodside, 60.

MELBOURNE Sales.—Ampol, 81; Ansett, 83; A.R.C., 133; A.C.1., 188; A.K. Cement, 08; A.P.M., 190; Bank N.S.W., 610; Boral, 178; 8.H.P., 1500; Carlton, 355; C.U.B. Z., 388: Carrier. 68; Coles, 103; C. 5.8., 708; C.8.A., 235; Containers, 130; Cyclone, 122; Dunlop, 156; Electronic Ind., 75; Email, 74; E.Z.1., 475; F. and T„ 93; Collin, 70; Gordon Gotch, 165; Hardie Trad., 178; Herald, 330; Hooker, 106; 1.C.1.A.N.Z., 184; Jennings, 112; H. Jones, 255; Mayne Nickless, 162; MeIlwraith, 82; McPhersons, 65; Minster, 103; Myers, 330; Nat. Bank, 278; News, 275; Nylex, 135;. Olympic, 84; Petersville, 31; Bepco, 200; Rocla, 190; Sleigh, 68; Swan, 270; TJi.T., 187: Wehl, 101.

Mining And OiI.—A.A.P., 00; Aust. Dev., 240; Basin, 14; Beach, 215 and 40c p.d., 200; Bounty oil, 11 and opts st; B.H. Sth, 440; Cons Gold, 840; C.8.A., 1820; Gt Boulder, 355; Hamersley, 750; Interstate, 40; Lake View, 160; Loloma, 330; Magellan, 120; Metals Exp., 620; Mt Isa. 1450; Mt Lyell, 235; New 8.H., 1550; Nth 8.H., 830; Oil Search, 28; Petromin, 62; Renison, 1100; Santos, 242; Silver Valley. 85; Southland, 220; Sth Pac., 35; West Mining, 1165; Comalco 590 and c.t.g., 420.